UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 16, 2026
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(Exact name of registrant as specified in its charter)
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Item 8.01 Other Events
On April 21, 2026, Dynex Capital, Inc. (the “Company”) announced that its Board of Directors (the “Board”) approved a new share repurchase program (the “Program”) authorizing the repurchase of up to $300 million of its common stock, $0.01 par value per share (the “Common Stock”), and up to $50 million of its preferred stock, $0.01 par value per share, including any series thereof currently or hereafter authorized (the “Preferred Stock”). Under the Program, repurchases may be made from time to time through open market transactions, privately negotiated transactions, or other means, including, without limitation, trading plans adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The actual means and timing of any repurchases under the Program will depend on a variety of factors, including, without limitation, the market prices of the Common Stock and the Preferred Stock, as applicable, general market and economic conditions, and applicable legal and regulatory requirements. The Program is authorized through April 30, 2028, and replaces the Company’s prior repurchase program, which was set to expire on April 30, 2026. The Program does not require the Company to purchase any shares and may be modified, suspended, or terminated by the Board at any time.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DYNEX CAPITAL, INC. | |||||||||||
| Date: | April 21, 2026 | By: | /s/ Michael A. Sartori | ||||||||
| Michael A. Sartori | |||||||||||
| Chief Financial Officer | |||||||||||